Although hearing aids haven't traditionally been covered by most insurance companies, that’s rapidly changing. In fact, just a few years ago, only 46% of Medicare enrollees had some sort of coverage for hearing aids. In 2018, 73% of Medicare members have access to hearing aid coverage which number continues to grow.
Because the insurance marketplace becomes more competitive, health plans are recognizing the tremendous value that hearing aid benefits and discounts bring back their members. As a result, many of them are beginning to add hearing aid coverage as to how to draw in and retain more members.
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Consumer demand is one more reason more health plans are beginning to offer hearing aid benefits and discounts. Today’s consumers are much more educated and informed about their own healthcare coverage and therefore the range of advantages available than they want to be. They’re also embracing the very fact that good hearing means they will live more engaged and fulfilling lives instead of letting their hearing loss go untreated. As a result, more consumers are posing for hearing benefits, and lots of health plans are listening.
These two factors — an intensely competitive insurance market and consumer demand — have created an environment ripe for innovation. Hearing aids are expensive, but innovative companies like Nano Hearing Aids are working directly with insurance companies to bring the prices down.
This is often making it easier for health plans to afford to supply benefits that significantly lower the out-of-pocket costs on hearing aids for his or her members. For instance, health plans that include Hearing aid often save their members a mean of about $2,000 on a pair of brand-name hearing aids.
What most people don’t realize is that there's a high likelihood that they have already got an insurance plan that has Hearing aid. Hearing benefits and discount programs are already available to over 150 million Americans through national insurance companies like Humana, the Blues, and an outsized number of regional and native insurance companies—and they’re adding more plans all the time.
In addition to traditional insurance companies, Hearing aid is additionally available in ways you'll not have even thought of. For instance, it Offers significant hearing aid discounts through VSP vision insurance also as through many small professional groups and retiree programs. If you’re unsure if you've got coverage under your health plan, contact your insurance carrier or call Hearing aids to see your eligibility.
While it’s true that not all health plans offer hearing aid coverage, many of them already do and more are going to be adding it soon. If your insurance doesn’t help cover the value of hearing aids, give them a call and allow them to know that hearing aid coverage is some things you care about.
you'll also consider switching to a health plan that does offer hearing aid coverage. Your actions will send a robust message to the insurance industry that hearing aid benefits are important to you.
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